Background

Mr. Peter S. Rummell served as the Chief Executive Officer at Nicklaus Companies LLC since August 2008. Mr. Rummell served as the Chairman of the Board of The St. Joe Company from January 1997 to August 2008, Chief Executive Officer from January 1997 to May 13, 2008 and President until October 3, 2007. Mr. Rummell served as President of Disney Development Company from 1992 to 1994 and the Arvida Resort Communities Division since 1985. He served as the Chairman of Urban ... Land Institute since July 1, 2011. From 1985 to 1996, he was employed by The Walt Disney Company and served as Chairman of Walt Disney Imagineering, the division responsible for Disney's worldwide creative design, real estate and research and development activities. He served as Vice Chairman of Rockefeller Center Management Corporation from 1983 to 1985. He has been an Independent Director at Avalonbay Communities Inc. since September 18, 2007. He serves as a Director of The Haskell Company and a Trustee of Urban Land Institute. He served as a Director of Florida Progress Corp. (FPC) of Progress Energy Inc. He served as a Director of Progress Energy Inc., and Carolina Power & Light Company (d/b/a Progress Energy Carolinas, Inc. and PEC) from September 18, 2003 to May 1, 2006. He served as a Director of The St. Joe Company since 1997. He was the Chairman of the Florida Council of 100. He serves on the Boards of Florida Council of 100. He is a Member of Florida Board of Governors. He is a recipient of numerous state and national business awards. Mr. Rummell holds a BA from the University of North Carolina at Chapel Hill and an MBA from the Wharton School of the University of Pennsylvania.

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